Camtek Ltd. (NASDAQ:CAMT) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Camtek Ltd. (NASDAQ:CAMT) have been given an average rating of “Moderate Buy” by the fourteen analysts that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $165.9167.

A number of brokerages have recently issued reports on CAMT. Cantor Fitzgerald reissued a “neutral” rating and issued a $120.00 target price on shares of Camtek in a research report on Tuesday, December 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of Camtek in a report on Monday, December 29th. Stifel Nicolaus raised their target price on shares of Camtek from $120.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Bank of America boosted their price target on Camtek from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Finally, Evercore reissued an “outperform” rating and set a $190.00 price target on shares of Camtek in a research report on Wednesday, February 18th.

Camtek Price Performance

Camtek stock opened at $166.06 on Thursday. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 176.66, a PEG ratio of 3.85 and a beta of 1.53. The company has a current ratio of 8.35, a quick ratio of 7.31 and a debt-to-equity ratio of 0.84. Camtek has a 12 month low of $47.41 and a 12 month high of $174.61. The stock’s 50 day moving average is $143.35 and its 200-day moving average is $117.99.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.02). Camtek had a net margin of 10.23% and a return on equity of 23.61%. The firm had revenue of $128.12 million during the quarter, compared to the consensus estimate of $127.10 million. During the same quarter last year, the firm earned $0.77 earnings per share. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities research analysts expect that Camtek will post 2.93 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wasatch Advisors LP lifted its position in Camtek by 14.7% during the third quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company’s stock worth $422,373,000 after purchasing an additional 513,956 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Camtek by 0.4% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,142,171 shares of the semiconductor company’s stock valued at $182,976,000 after buying an additional 7,500 shares in the last quarter. Menora Mivtachim Holdings LTD. lifted its holdings in shares of Camtek by 31.1% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock worth $220,537,000 after acquiring an additional 497,918 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Camtek by 56.9% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,665,236 shares of the semiconductor company’s stock worth $177,090,000 after acquiring an additional 604,097 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Camtek by 12.0% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company’s stock worth $140,205,000 after acquiring an additional 140,796 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Company Profile

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.